In this market, Fundamentals are a reson to hold but are not providing a reason to buy. Anyway, no one is buying because no one has any cash left, most off us are already all in.
Ask yourself why you are not buying this stock at these ridiculous 46c level, even though the Fundamentals and cash backing are screaming a buy signal. Probably because you considered that that the price was dirt cheap at 120, then it was ridiculously cheap at 100, then outrageous at 80 (cash value), insanity at 60 and compleatly off the trolley at 50c. Yet each day it drops because some unfortunate can't hold on any longer and has to cash in when there are just no buyers.
If you are in a position to be able to hold then your the lucky ones....regardless of what the day to day SP is doing now you should be reassured that it will return to normal eventually..... :-]
BRM Price at posting:
46.0¢ Sentiment: Hold Disclosure: Held
